SpaceX Wallet Springs to Life With $153M Bitcoin Transfer, First Move Since 2022

1 week ago

A bitcoin (BTC) wallet seemingly owned by SpaceX conscionable moved implicit $150 cardinal worthy of BTC successful its archetypal on-chain enactment for much than 3 years, according to information from blockchain analytics level Arkham .

Arkham shows the 1,308 BTC transaction moved from code 15oKQ7… i7Jf1G, tagged arsenic owned by Elon Musk's rocket company, to a antecedently inactive wallet, bc1q8k … phartf.

The transaction is the archetypal recorded outbound transportation since June 10, 2022, erstwhile it moved 3,505 BTC (worth $102 cardinal astatine the time) to Coinbase.

The receiving wallet is unlabeled, and nary onward question has been observed.

According to Arkham, SpaceX inactive holds 6,977 BTC, valued astatine astir $815 million. That puts the institution among the largest firm bitcoin holders globally, down names similar Strategy (MSTR) and Tesla (TSLA), different Musk-owned company.

It remains unclear whether this latest transportation signals a sale, interior treasury reallocation, oregon thing other entirely.

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